ETHR.TO vs. BCCL.NEO
ETHR.TO (Evolve Ether ETF CAD Unhedged Units) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both Cryptocurrency funds. ETHR.TO is passively managed, while BCCL.NEO is actively managed. Over the past year, ETHR.TO returned -47.10% vs -45.87% for BCCL.NEO. Their 0.79 correlation means they have sometimes moved together and sometimes differently. ETHR.TO charges 0.75%/yr vs 1.78%/yr for BCCL.NEO.
Performance
ETHR.TO vs. BCCL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHR.TO achieves a -36.57% return, which is significantly lower than BCCL.NEO's -28.69% return.
ETHR.TO
- 1D
- -2.72%
- 1M
- 5.28%
- 6M
- -18.46%
- YTD
- -36.57%
- 1Y
- -47.10%
- 3Y*
- 0.08%
- 5Y*
- -4.36%
- 10Y*
- —
- ALL TIME*
- -3.37%
BCCL.NEO
- 1D
- -2.49%
- 1M
- 1.49%
- 6M
- -18.01%
- YTD
- -28.69%
- 1Y
- -45.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -28.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$76.07K | CA$135.25K | CA$227.19K | |
| CA$73.21K | CA$77.18K | CA$116.32K |
ETHR.TO vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -36.57% | 58.38% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -28.69% | -6.82% |
Correlation
The correlation between ETHR.TO and BCCL.NEO is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.79 |
The correlation between ETHR.TO and BCCL.NEO has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
ETHR.TO vs. BCCL.NEO — Risk / Return Rank
ETHR.TO
BCCL.NEO
ETHR.TO vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETHR.TO | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.82 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.88 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.33 | +0.22 |
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Drawdowns
ETHR.TO vs. BCCL.NEO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, which is greater than BCCL.NEO's maximum drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and BCCL.NEO.
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Drawdown Indicators
| ETHR.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -55.27% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -67.67% | -55.27% | -12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -67.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.36% | — | — |
Current DrawdownCurrent decline from peak | -61.57% | -51.47% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -44.06% | -26.18% | -17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.80% | 36.35% | +9.45% |
Volatility
ETHR.TO vs. BCCL.NEO - Volatility Comparison
Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a higher volatility of 11.63% compared to Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) at 8.77%. This indicates that ETHR.TO's price experiences larger fluctuations and is considered to be riskier than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHR.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.63% | 8.77% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 45.68% | 33.62% | +12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.89% | 46.76% | +19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.18% | 44.50% | +23.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.38% | 44.50% | +26.88% |
ETHR.TO vs. BCCL.NEO - Expense Ratio Comparison
ETHR.TO has a 0.75% expense ratio, which is lower than BCCL.NEO's 1.78% expense ratio.
Dividends
ETHR.TO vs. BCCL.NEO - Dividend Comparison
ETHR.TO has not paid dividends to shareholders, while BCCL.NEO's dividend yield for the trailing twelve months is around 43.98%.
| Position | TTM | 2025 |
|---|---|---|
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 43.98% | 16.02% |
ETHR.TO Evolve Ether ETF CAD Unhedged Units | 0.00% | 0.00% |
Frequently Asked Questions
ETHR.TO and BCCL.NEO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHR.TO is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHR.TO is cheaper with a 0.75% expense ratio, compared with 1.78% for BCCL.NEO.
They also come from different issuers: Evolve and Global X. Their fees differ too: 0.75% for ETHR.TO and 1.78% for BCCL.NEO.
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